Detailed Single Year Tables

Description of Proposed Provision:
Give credit to parents with a child under 6 for earnings for up to five years. The earnings credited for a childcare year equal one half of the SSA average wage index (about $21,858 in 2012). The credits are available for all past years to newly eligible retired-worker and disabled-worker beneficiaries starting in 2014. The 5 years are chosen to yield the largest increase in AIME.

&nbsp

Financial Estimates for the OASDI Trust Fund Program

&nbsp

&nbsp

Proposal

&nbsp

Change from Present Law

&nbsp

Expressed as a percentage of present-law taxable payroll

Trust fund ratio as of January 1

Expressed as a percentage ofpresent-law taxable payroll

Calendaryear

Costrate

Incomerate

Annualbalance

Costrate

Incomerate

Annualbalance

2013

13.95

12.69

-1.26

330

0.00

0.00

0.00

2014

14.04

12.83

-1.21

315

0.00

0.00

0.00

2015

13.99

12.86

-1.12

300

0.02

0.00

-0.02

2016

13.94

12.88

-1.06

285

0.03

0.00

-0.03

2017

13.93

12.90

-1.02

270

0.04

0.00

-0.04

2018

13.97

12.93

-1.04

256

0.06

0.00

-0.06

2019

14.13

12.95

-1.18

242

0.07

0.00

-0.07

2020

14.34

12.97

-1.37

228

0.09

0.00

-0.08

2021

14.54

13.00

-1.55

214

0.10

0.00

-0.10

2022

14.82

13.03

-1.79

199

0.11

0.00

-0.11

2023

15.09

13.05

-2.05

184

0.12

0.00

-0.12

2024

15.36

13.06

-2.30

168

0.13

0.01

-0.13

2025

15.62

13.08

-2.54

152

0.15

0.01

-0.14

2026

15.87

13.09

-2.77

135

0.16

0.01

-0.15

2027

16.09

13.10

-2.99

117

0.17

0.01

-0.16

2028

16.31

13.12

-3.19

99

0.18

0.01

-0.17

2029

16.51

13.13

-3.38

80

0.19

0.01

-0.18

2030

16.69

13.14

-3.55

61

0.19

0.01

-0.19

2031

16.84

13.15

-3.69

40

0.20

0.01

-0.19

2032

16.96

13.16

-3.81

19

0.21

0.01

-0.20

2033

17.08

13.16

-3.91

----

0.22

0.01

-0.21

2034

17.16

13.17

-3.99

----

0.23

0.01

-0.22

2035

17.21

13.17

-4.04

----

0.23

0.01

-0.22

2036

17.25

13.18

-4.07

----

0.24

0.01

-0.23

2037

17.27

13.18

-4.09

----

0.24

0.01

-0.23

2038

17.27

13.18

-4.09

----

0.25

0.01

-0.24

2039

17.25

13.18

-4.06

----

0.25

0.01

-0.24

2040

17.22

13.18

-4.04

----

0.26

0.01

-0.25

2041

17.19

13.18

-4.01

----

0.26

0.01

-0.25

2042

17.16

13.18

-3.98

----

0.27

0.01

-0.25

2043

17.13

13.18

-3.95

----

0.27

0.01

-0.26

2044

17.12

13.18

-3.93

----

0.27

0.01

-0.26

2045

17.10

13.18

-3.92

----

0.28

0.01

-0.26

2046

17.10

13.18

-3.92

----

0.28

0.01

-0.27

2047

17.09

13.18

-3.91

----

0.28

0.01

-0.27

2048

17.08

13.18

-3.89

----

0.28

0.01

-0.27

2049

17.07

13.18

-3.89

----

0.29

0.01

-0.27

2050

17.07

13.18

-3.89

----

0.29

0.01

-0.28

2051

17.08

13.18

-3.90

----

0.29

0.01

-0.28

2052

17.11

13.19

-3.92

----

0.30

0.01

-0.28

2053

17.13

13.19

-3.95

----

0.30

0.01

-0.29

2054

17.17

13.19

-3.98

----

0.30

0.01

-0.29

2055

17.21

13.19

-4.02

----

0.30

0.01

-0.29

2056

17.26

13.20

-4.07

----

0.31

0.01

-0.29

2057

17.31

13.20

-4.11

----

0.31

0.01

-0.29

2058

17.36

13.20

-4.16

----

0.31

0.01

-0.30

2059

17.41

13.21

-4.20

----

0.31

0.01

-0.30

2060

17.45

13.21

-4.24

----

0.31

0.01

-0.30

2061

17.50

13.21

-4.29

----

0.31

0.01

-0.30

2062

17.54

13.21

-4.33

----

0.32

0.01

-0.30

2063

17.59

13.22

-4.37

----

0.32

0.01

-0.30

2064

17.63

13.22

-4.41

----

0.32

0.01

-0.30

2065

17.68

13.22

-4.45

----

0.32

0.01

-0.31

2066

17.72

13.23

-4.50

----

0.32

0.01

-0.31

2067

17.77

13.23

-4.54

----

0.32

0.01

-0.31

2068

17.82

13.23

-4.59

----

0.32

0.01

-0.31

2069

17.86

13.23

-4.63

----

0.32

0.01

-0.31

2070

17.91

13.24

-4.67

----

0.32

0.01

-0.31

2071

17.95

13.24

-4.71

----

0.32

0.01

-0.31

2072

17.98

13.24

-4.74

----

0.32

0.01

-0.31

2073

18.01

13.24

-4.77

----

0.32

0.01

-0.31

2074

18.03

13.24

-4.79

----

0.33

0.01

-0.31

2075

18.05

13.24

-4.80

----

0.33

0.01

-0.31

2076

18.06

13.25

-4.81

----

0.33

0.01

-0.31

2077

18.06

13.25

-4.82

----

0.33

0.01

-0.31

2078

18.07

13.25

-4.82

----

0.33

0.01

-0.31

2079

18.07

13.25

-4.83

----

0.33

0.01

-0.31

2080

18.08

13.25

-4.84

----

0.33

0.01

-0.31

2081

18.10

13.25

-4.85

----

0.33

0.01

-0.31

2082

18.13

13.25

-4.88

----

0.33

0.01

-0.31

2083

18.16

13.25

-4.91

----

0.33

0.01

-0.31

2084

18.20

13.25

-4.94

----

0.33

0.01

-0.31

2085

18.24

13.26

-4.99

----

0.33

0.01

-0.31

2086

18.29

13.26

-5.03

----

0.33

0.01

-0.31

2087

18.34

13.26

-5.08

----

0.33

0.01

-0.31

2088

18.39

13.26

-5.13

----

0.33

0.01

-0.31

&nbsp

Summarized Estimates

&nbsp

&nbsp

Proposal

&nbsp

Change from Present Law

Years

Costrate

Incomerate

Actuarialbalance

Year of reserve depletion1

Costrate

Incomerate

Actuarialbalance

Based on Intermediate Assumptions of the 2013 Trustees Report.

2013-2087

16.83%

13.89%

-2.94%

2032

0.23%

0.01%

-0.22%

&nbsp

1 Under present law, the year of Trust
Fund reserve depletion is 2033.